The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-08-04
General and nIisceiian eous.

A railroad from San Diego to Enseuada is in
contemplation. An iron pier extending l,OO0
feet into the bay 10 to be built.
The A.. IT. & s. F. is using steel rail weighing
II pounds to the yard in the Chicago extension.
About rs per cent Of the grading is now
completed.
Passenger service has been opened on the
Penokee branch of the Wisconsin Central 1t is
stated that s. 900 tons of ore handled daily on
this extension.
In the seven months ending July 81 stock
amounting to $50. 739. $40 changed hands in the
New York Stock Exchange, and bonds amount
ing to $261. 800 $685.
McKeesport, Pa, 10 experiencing quite a
boom. The Pullman company has purchased
ground there which to erect shops and the
Pennsylvania Railroad Company is after shop
ground.
Negotiations regarding the resumption of the
construction of the South Pennsylvania road
have been dropped until September. An effort
is to be made to induce Andrew Carnegie to
again take an interest
The Atkinson, Topeka e. Santa Fe are get
ting matters into shape to secure the Pacific
coast mail They propose to make the run
from New York to San Francisco one day
quick Ell than any of their competitors
The New England roads are adopting the tao
tics of Western lines. The Fitchburg has in
creased it's funded debt from SIS, 100000 IN 1866
to SIG O40 600 in 1887. But the company has also
largely increased its mileage IN that time.
The Canadian Pacific will in few days begin
to run over the new bridge over the st. Law
This will have an important bearing on
the New England business. as 1t let's the Cana
dian Pacific into New England territory over
several roads.
With the cablegram which announced the safe
arrival of Presidents Garrett and Depew in Lon
don came the report that Mr.. Garrett is willing
to sell the Baltimore i Ohio at his price and he
did not who bought it. Mr.. Depew says a
strong syndicate will be formed and take the
property
In getting into Chicago, the A., T. e S. Fe
people adopted an unusual policy which worked
we'll They acted on the theory that 1t was
cheaper to buy the ground they would need first
and afterward negotiate with the aldermen
Then they would not expose their hand and be
obliged to pay two prices for the property they
needed
DIR. w. Fl. Saunders. physician appointed to
make examinations of locomotive engineers and
other railroad employees under the new Alabama
law, which went into effect yesterday. abandoned
work at Stevenson yesterday, and has run away
to Birmingham. He was arrested a writ Of
mandamus, which requires him to complete his
tests as to color blindness. His reason for
abandoning the work Is said to be trouble with
railroad men, who dislike the new law, many of
them refusing to be examined. Over 10000 are
affected by the law. and 1t is estimated that over
5000 will be forced to give up their positions.
The annual report of the Chicago g North
western railway for the twenty eighth fiscal
year ending May 81, 1887. shows the total mile
age operated by the company on the latter date
70 be A, 101 miles, an increase of l52 miles for
the year. The companys gross earnings for the
year were $26, 321. 315; operating expenses, $20,
264,539; net income, 6Oo6.716 From this
amount dividends amounting to SO, 444, 504 were
ings of the year of So. 612, 271. The increase of
net earnings over 1856 was 81, 230, 764. The
freight earnings were "a per cent. OF
the entire earnings of the road. The
year 81. 045, 657; the additions included thir
ty-seven locomotive engines.